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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Caprolactam Chemicals announced the results of a postal ballot where all four resolutions were passed with 100% votes in favour (147,487 shares from 82 members). The resolutions approved: (1) revision in remuneration of Mr. Siddharth Bhanushali, CFO cum Whole-Time Director; (2) revision in remuneration of Ms. Zaver Bhanushali, Managing Director; (3) a related party transaction with Ms. Shital Bhanushali for leasing of property; and (4) revision in consultancy fees payable to related party Mr. Shankar Bhanushali. The promoter/promoter group was marked as interested in all four resolutions. Public participation was very low, with only about 3.2% of outstanding shares (4,600,000 total) voting. The scrutinizer was Mr. Rahul Shivji Gori.
The resolutions were routine in nature — revising pay for the promoter-family MD and CFO/WTD, and approving related-party dealings with family members. With nearly all voting shares coming from the promoter group itself, this reflects a closely-held company with minimal independent shareholder voice, which may concern retail investors concerned about governance and related-party oversight.